MINDTAP MANAGEMENT FOR DAFT/MARCIC'S UN
MINDTAP MANAGEMENT FOR DAFT/MARCIC'S UN
10th Edition
ISBN: 9781305627789
Author: MARCIC
Publisher: IACCENGAGE
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Chapter 13, Problem 1DQ
Summary Introduction

To determine:

Organizational benefits of managers cultivating an open communication climate.

Introduction:

Communication, whether it is through formal channels or informal channels, is what keeps an organization on its feet. In an open communication climate, employees have complete freedom to talk freely and to express their opinions on important matters, voice their complaints, and offer suggestions and ideas to their superiors. Employees are free to speak amongst themselves on vital policy decisions and production, marketing or personnel concerns. This way, information is passed on without any distortion throughout the organization.

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Leveraging the Planning and Measurement Performance Domains strengthens budget accuracy by ensuring proper cost estimation, risk management, and performance tracking. Educating the team on these aspects helps build confidence in the budget and ensures better financial control throughout the projects lifecycle. What challenges have you observed when implementing these measures, and how might project managers overcome them to maintain budget integrity?
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